Albany, NY -- (SBWIRE) -- 07/05/2016 -- Description

About the Laser Distance Meter Market

Laser distance meter (LDM) are used in different industries such as construction and real estate. They have applications like finding out electrical wiring and furniture length in carpentry, interior designing, and carpet flooring. Professional contractors such as solar energy solution providers are widely using them for panel installation and commissioning. The demand for LDMs has grown in line with the rising requirement for construction applications such as flooring. LDMs have become an important tool for the majority of professional contractors as they help in fast and accurate measurement of floor dimensions.

LDMs have seen a lot of advances in terms of accuracy, size, and weight. There are high-end LDMs like Bosch GLR 825, Fluke 424, and Leica S910 which offer additional features like angle measurement, Pythagoras function (to measure indirect dimensions when the line of sight is obscure), and camera for a 4x zoom.

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Technavios analysts forecast the Global Laser Distance Meter Market to grow at a CAGR of 3.88% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global laser distance meter market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of laser distance meters globally. The report does not include revenue generated from the aftermarket service of the product.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

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Technavio's report, Global Laser Distance Meter Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Bosch
Hexagon
Stanley Black & Decker
Danaher
Flir Systems
Hilti
Makita
Stabila
Trimple

Market driver
Increasing number of floor plan apps
For a full, detailed list, view our report

Market challenge
Technical barriers restricting outdoor measurements
For a full, detailed list, view our report

Market trend
Miniaturization of sensors
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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